Milestone Scientific hires dental division CEO

Milestone Scientific has named Gian Domenico Trombetta as CEO of its dental division and as a member of its board of directors. Milestone’s CEO Leonard Osser will remain in that position. Trombetta is the president and CEO of Milan-based private equity firm Innovest S.p.A. Headquartered in Livingston, NJ, Milestone Scientific is a provider of injection technology.

PRESS RELEASE

LIVINGSTON, NJ–(Marketwired – May 27, 2014) – Milestone Scientific Inc. (OTCQB: MLSS), a leading medical research and development company that designs and patents innovative injection technology, today announced that it has appointed Gian Domenico Trombetta as Chief Executive Officer of its dental division. Mr. Trombetta will also serve as a member of Milestone Scientific’s Board of Directors. Leonard Osser will remain Chief Executive Officer of Milestone Scientific.
Mr. Trombetta is the President and CEO of Innovest S.p.A., a Milan based private equity and special situation investment company with a specific focus on innovative investment niches. In the past he has served as CEO and board member of numerous private commercial companies. Mr. Trombetta’s appointment follows the recent announcement on May 15, 2014 of a $10 million private placement into Milestone Scientific led by Innovest S.p.A.
Leonard Osser, CEO of Milestone Scientific, stated, “We welcome the addition of Gian Domenico as President and CEO of our dental division and a member of the board of directors. He brings years of senior management experience and an impressive track record leading high growth companies across a broad range of industries. As President and CEO of the dental division, he will oversee an expanded initiative to more aggressively market our instruments and handpieces on a global basis. His appointment also allows us to focus greater resources towards developing and commercializing new instruments for a wide array of medical applications.”
Gian Domenico Trombetta, CEO of Innovest S.p.A., commented, “I am pleased to join Milestone Scientific’s management team as well as the board of directors. Milestone has accomplished a great deal in building market awareness and penetration of its dental instrument. With the additional resources and capital from us, we look forward to expanding sales of the instrument in both the domestic and international markets. In addition, with our recent capital infusion we look forward to helping accelerate the launch of new medical instruments based on Milestone’s proven technology.”
About Milestone Scientific Inc.
Milestone Scientific is a leading medical research and development company that designs and patents innovative injection technology. Milestone’s computer-controlled systems make injections precise, efficient, and virtually painless. For more information please visit our website: www.milestonescientific.com.